Advanced (a) Outline the factors a management accountant should consider when deciding whether or not to investigate

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 Advanced

(a) Outline the factors a management accountant should consider when deciding whether or not to investigate variances revealed in standard costing and budgetary control systems.

(b) Indicate briefly what action the management accountant can take to improve the chances of achieving positive results from investigating variances. (20 marks)

CIMA P3 Management Accounting

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